ALD (XPAR:ALD) ROCE % : 3.17% (As of Dec. 2023)

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What is ALD ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. ALD's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.17%.

ALD ROCE % Historical Data

The historical data trend for ALD's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ALD ROCE % Chart

ALD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.30

3.77

6.74

8.42

4.98

ALD Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													7.65	8.96	8.34	6.01	3.17

ALD ROCE % Calculation

ALD's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1669.9	/	( ( (31302.4 - 9324.9)	+	(70261.1 - 25133.6) )	/ 2 )
	=	1669.9	/	( (21977.5	+	45127.5)	/ 2 )
	=	1669.9	/	33552.5
	=	4.98 %

ALD's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1394.4	/	( ( (68263.8 - 25469.1)	+	(70261.1 - 25133.6) )	/ 2 )
	=	1394.4	/	( ( 42794.7	+	45127.5 )	/ 2 )
	=	1394.4	/	43961.1
	=	3.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

ALD (XPAR:ALD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

ALD ROCE % Related Terms

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ALD (XPAR:ALD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ALD SA (XPAR:ALD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0RSP:UK 3AL:Germany

Address

1-3 Rue Eugene et Armand Peugeot, Le Corosa, Rueil-Malmaison, FRA, 92500

Website

https://www.aldautomotive.com

ALD SA is a full-service leasing and fleet management group. It provides financing and management services through two principal product offerings. These two offerings are full-service leasing and fleet management. The group also provides insurance services. It provides clients with motor third-party liability, material damage insurance as well as theft and passenger insurance. The company has operational footprints across Western Europe, Nordic, Continental and Eastern Europe and Latin America, Africa, Asia, and the Rest of the world.

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